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From 1st April 2108, in Wales, Stamp Duty Land Tax (SDLT) will be replaced by Land Transaction Tax (LTT).

The framework is similar to LTT but the rages and amounts differ.

The following is prepared as a guide only. Prospective purchasers should obtain detailed advice before committing to a purchase.

 

After 1st April 2018 - Land Transaction Tax (LTT)

 A handy calculator for the amount payable is available here

Price Paid  LTLT Rate    LTT 2nd Property
 up to £180,000  0%  3%
 £180,000+ to £250,000  3.5%  6.5%
 £250,000+ to £400,000  5%  8%
 £400,000+ to £750,000  7.5%  10.5%
 £750,000+ to £1.5M  10%  13%
Over £1.5M+ 12% 15%

If you buy a property for more than £180,000, you pay Land Transaction Tax (LTT). The amount payable depends on the purchase price of the property.

Also from 1st April 2016 there is an additional 3% stamp duty on all buy to let purchases and on the purchase of a second home.

 

Before 1st April 2018 - Stamp Duty Land Tax (SDLT)

 

 

If you buy a property for more than £125,000, you will pay Stamp Duty Land Tax (SDLT).

The amount payable depends on the purchase price of the property.

You don’t pay any SDLT if you pay £125,000 or less for your home purchase. (There will be 3% to pay if it is a buy to let or second home purchase)

Please refer to the tables below to see how much you will have to pay - depending on type of property and the price.

You will only pay the rate of tax on the part of the property price within each tax band – like income tax apart from the 3% addition which alpplies to the whole purchase price of a property which is not your main residence).

Residential properties SDLT rates

Purchase price of property  - Rate of SDLT (add the amount of the percentage of the total purchase price in each band) 

Price Range Tax (Home purchase) Add (if Second Home or Buy-to-let After 1st April) Total tax
£0 - £125,000 0% 3% 3%
£125,001 - £250,000 2% 3% 5%
£250,001 - £925,000 5% 3% 8%
£925,001 - £1.5 million 10% 13% 13%
Over £1.5 million 12% 15% 15%

Examples:

On a £150,000 house purchase there will be no tax to pay on the first £125,000, then 2% on the remaining £25,000, which is a total bill of £500. If the purchase is a property to let or a second home add 3% to the total. (£500 + £4,500 = £5,000.)

On a purchase of £185,000. Nothing on the first £125,000 and 2% on the remaining £60,000. This works out as £1,200. However, if the purchase is not your main residence (sccond home or a property you will let out) there is an additional 3% of the whole sum to pay (£1,200 + £5,550 = £6,750)

On a £300,000 house purchase there would be no tax to pay on the first £125,000, then 2% on the next £125,000 (£2,500) and 5% on the last £50,000 (£2,500). That’s a total £5,000. If the purchase is a second home there is an additional 3% on the whole purchase price (£5,000 + £9,000 = £14,000)

The above information is to provided as a guide and should not be relied upon by buyers or sellars - please take advice before making any commitment to buy or sell.


Please note the  Disadvantaged Areas Relief for properties between £125,000 and £150,000 has been removed.

Non - Residential properties

Transfer value  - Rate of SDLT (percentage of the total purchase price)

The changes from December 2014 do not affect Commercial property which remain as follows:

Up to £150,000 - annual rent is less than £1,000 = Zero
Up to £150,000 - annual rent is £1,000 or more = 1%
Over £150,000 to £250,000 = 1%
Over £250,000 to £500,000 = 3%
Over £500,000 = 4%


The above information is to provided as a guide and should not be relied upon by buyers or sellars - please take advice before making any commitment to buy or sell.


 

 

 

New3dFloorPlan

NOTE: 3D floor plans free for all new instructions.

Disclaimer: These Floor Plans are for illustrative purposes only. Measurements and areas shown are approximate. These plans will not show the correct wall thicknesses, especially in older properties. We will aim to provide plans that are accurate and correctly represent the rooms within the property. We do not, however, provide any guarantees, warranty or representation as to the total accuracy and completeness of the floor plan. Anyone relying on the information provided in the property details (and floor plans) should conduct a careful, independent investigation of the property to determine the suitability of the property for their requirements.

 

Residential properties for sale

We have a great selection of properties for sale - from flats and appartments, cottages and houses, bungalows and |chalets.

Follow the link below - set your search options and a list of properties will be displayed - you can also contact us on 01758 701 100 to discuss your requirements - or just call in to see us.

 

Follow the link and refine your search for Residential sales.

bosmal1 82 909X2Properties for sale

We have a great selection of residential properties for sale - from flats and appartments, cottages and houses, bungalows and chalets.

We also sell agricultural land and commercial properties.

Follow the link below - choose from Residential or Commercial then follow the link to set your search options and a list of properties will be displayed - you can also contact us on 01758 701 100 to discuss your requirements - or just call in to see us.

 

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This section of the web site has useful information for the Buyer and Seller such as:

  • details about Stamp Duty
  • mortgage information
  • viewing feedback forms
  • valuation request form
  • information about our Free 3D Floor Plans
  • and much more

 


 

To view properties please contact us